Global credit insurer Atradius announces that Lloyd’s has granted ‘in principle’ approval for the new Atradius Syndicate 1864, targeting 1st January 2026 as its start date for underwriting.
Atradius Syndicate 1864 will focus on trade credit risks, initially targeting new and existing European clients in the financial industry sector.
The syndicate will strengthen Atradius’ operations. Atradius is a global insurer providing trade credit insurance, surety, and collection services in more than 50 countries.
With credit information on 200 mn companies worldwide, Atradius offers products that protect businesses against payment risks in trade credit transactions.
The syndicate will concentrate on trade credit risks, initially serving new and existing European clients in the financial sector.
Operating on the Lloyd’s platform gives Atradius’ customers access to Lloyd’s extensive network of licenses and resources, supporting their risk management and growth.
Lloyd’s financial strength rating and regulatory framework also provide high standards of compliance and operational efficiency, aligning with Atradius’ own standards.
Our specialized expertise in trade credit risks presents a compelling opportunity to collaborate with Lloyd’s. By using Lloyd’s renowned and innovative underwriting platform, we can deliver exceptional value to our clients and partners. We look forward to working with Polo and the Lloyd’s team to establish our presence in the Lloyd’s market.
David Capdevila, CEO of Atradius
Atradius has been supported by PoloWorks and Aon Capital Advisory throughout the application process and will continue working with them after the ‘in principle’ approval granted by Lloyd’s Council on July 15 until full permission to underwrite is granted.
Paul Andrews, CEO of Polo Managing Agency, said: “In a dynamic and innovative sector, Polo is proud to support the launch of the Atradius syndicate at Lloyd’s. Our collaboration with another prestigious partner brings Lloyd’s additional capacity in the trade credit market.”
The approval of Atradius Syndicate 1864 marks an important milestone in the trade credit insurance sector.
Mike Cane, Head of Capital Advisory for Aon Reinsurance Solutions
“Aon Capital Advisory is proud to have supported Atradius in this process, and we believe Syndicate 1864 will become a key part of Atradius and play an important role in delivering strong outcomes for its clients,” Mike Cane added.
